(EUR | USD) Forex Trading Analysis Today Forex Forecast | APR 29, 2023 | EURUSD Analysis
Forex Trading Analysis
Hello Guys today is Monday, April 29th, 2024 I am going to analyze the Euro-USD currency pair let us start with the top top-to-bottom Eliot wave analysis inside the daily time frame of the trend is down in euro dollar currency here daily time frame resistance is present at $1.1138 price level price action is most likely going to move sideways to complete bullish wave B triangle Eliot wave pattern after that I expect bearish wave C zigzag corrective leg in coming trading days a decisive a bullish breakout above $1.1138 resistance the area is going to and down Trend in daily chart of Euro versus United States dollar currency pair
At 4Hour time frame price action is sprinting higher swing highs and higher swing lows to me euro-dollar pair Trend looks up in 4Hour time frame
At 1 hour time frame the trend is up in 1 hour chart intraday support is present at 1.0600 price level price action is most likely going to drop to print bearish with B pull back and then right rise up to print bullish wave C zigzag corrective offers a chance to join an uptrend euro dollar pair a decisive bearish break below 1.06 support level is going to end uptrend in 1 hour chart of Euro versus United States dollar currency pair
More specific the green color highlighted area offers a buying opportunity which is the previous second wave one lesser degree take out
